When John Hering, CEO and cofounder of Lookout Mobile Security, was featured in BusinessWeek as one of the best young tech entrepreneurs, he told the magazine that the "toughest decision" he ever made as an executive was moving his startup from L.A. to San Francisco.
What didn't get reported was that a 73-year-old named Philip Paul had advised Hering to make the move, in order to be closer to investors. Paul, a gray-haired financier who appears nowhere in Lookout's roster of executives or founders, nevertheless holds one of the most important title's in Hering's life: that of mentor.
As technology entrepreneurs seemingly get younger and younger, it's easy to forget that the difference between a bright technology idea and business success often comes down to the advice and connections of older advisors.
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